Subject: File Number S7-07-18: Stop financial advisers from sapping Americans' retirement savings
From: Kassandra Foster
Affiliation:

Jun. 21, 2018

Jun 21, 2018

Securities and Exchange Commission

To the and Exchange Commission,

My IRA is invested in Wall Street Stocks and Bonds and Mutual Funds.
Just like the majority of Americans getting ready to retire,  my
retirement depends on good investment advice because I didn't spend my
life in the financial sector.
If Congress allows,  if you allow investment advisors to give bad
and selfish advice in order to line their own pockets, then it's no
different then allowing a pharmacist to become the corner drug dealer
or a doctor to knowingly harm someone just so they can make more money.

The USA doesn't have a safety net retirement for their citizens.
We, the vulnerable retirement age citizens, have to rely on
protections from congress.  We have to rely on financial advisors who
will not take advantage of us so that our retirement is safe and our
lives are secure.

I'm counting on you to make a stronger rule that closes the loophole.
Americans who've worked hard to save for retirement deserve peace of
mind about their financial security.

Sincerely,

Ms. Kassandra Foster